Media coverage about GSV Capital Corp (NASDAQ:GSVC) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GSV Capital Corp earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.3491901218954 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of GSV Capital Corp (NASDAQ:GSVC) opened at 5.62 on Friday. GSV Capital Corp has a one year low of $3.83 and a one year high of $6.00. The stock’s 50 day moving average price is $5.44 and its 200 day moving average price is $4.68.
GSV Capital Corp (NASDAQ:GSVC) last announced its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.07). The firm had revenue of $370.59 million for the quarter. GSV Capital Corp had a negative return on equity of 5.43% and a negative net margin of 1,701.22%. Equities research analysts anticipate that GSV Capital Corp will post $0.25 earnings per share for the current year.
GSV Capital Corp declared that its Board of Directors has authorized a share buyback program on Tuesday, August 8th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the investment management company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
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In related news, CEO Mark D. Klein purchased 10,000 shares of GSV Capital Corp stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $4.92 per share, with a total value of $49,200.00. Following the completion of the transaction, the chief executive officer now directly owns 67,340 shares of the company’s stock, valued at approximately $331,312.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc Mazur purchased 6,000 shares of GSV Capital Corp stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $4.45 per share, for a total transaction of $26,700.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $26,700. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 77,772 shares of company stock worth $392,602. 0.70% of the stock is owned by corporate insiders.
GSV Capital Corp Company Profile
GSV Capital Corp. (GSV Capital) is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. The Company invests principally in the equity securities, which are venture-capital-backed emerging companies.
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